Newport Exploration (TSE:NWX) has released an update.
Newport Exploration Ltd. has announced a substantial quarterly royalty income of AUD$1,034,780, with a net amount of AUD$724,346 after Australian taxes. The company, which holds a 2.5% Gross Overriding Royalty on licenses in the Cooper Basin operated by Beach Energy Ltd., now boasts a treasury of approximately CDN$1.8 million in cash and short-term investments.
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